Asset Class Performance During The Current Bull Market

by: Bespoke Investment Group

Last week we posted a number of charts to note the 5-year anniversary of the current bull market for stocks. Below we take a further look at asset-class performance during the current bull market using our key ETF matrix, which regular readers have seen here a number of times. In the matrix, we highlight each ETF's performance over the last week, year-to-date, and since the close on 3/9/09, which was the bear-market low for stocks during the Financial Crisis.

As you can see, US equity ETFs have posted the largest gains since March 9th, 2009. The Consumer Discretionary ETF (NYSEARCA:XLY) is up the most of any ETF in our matrix with a 5-year gain of 318%. The Smallcap Growth ETF (NYSEARCA:IJT) is up the second most with a gain of 288%, followed by the Smallcap 600 ETF (NYSEARCA:IJR) with a gain of 272%. Of the country ETFs highlighted, Mexico (NYSEARCA:EWW) is up the most over the last five years with a gain of 180.6%. The Brazil ETF (NYSEARCA:EWZ) is up the least at just +22.9%.

Looking at the commodity ETFs, silver (NYSEARCA:SLV) is up the most over the last 5 years with a gain of 57%, followed by gold (NYSEARCA:GLD) at 42.5% and then DBC at 37.7%. Oil (NYSEARCA:USO) is up 28% since 3/9/09, but natural gas (NYSEARCA:UNG) is down sharply with a decline of 79.8%. Finally, the fixed income ETFs are all up in price since 3/9/09, but not by much. The aggregate bond ETF (NYSEARCA:AGG) is up 8.5% during the current bull market for stocks, while the TIPS ETF (NYSEARCA:TIP), providing inflation protection, is up 15.5%.

We've certainly had a nice run over the last five years, but as always, the question remains -- where do we go from here?